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Market range bound
September, 01st 2010

The markets are trading range bound within a mere 50 points. The Sensex is at 18,106 up 135 points and the Nifty is up 37 points at 5,439. In the broader markets, the smallcap index and the midcap index up 1% each continues to outperform the benchmark index up 0.7%.

Among the sectoral indices on the BSE, Consumer Durables, Metal and Realty are up 1% each and are at the top of the charts. On the other hand, FMCG has pared some of its gains at 0.2% and is at the bottom. Auto index too has slipped and is at 0.6%.In the metal space, the movers are NMDC up 4%, Tata Steel and Wel Corp adding 2% each.The propellers in the realty space are D B Realty, Anant Raj Industries and Peninsula Land up 3% each.

Bharti Airtel (Rs 336) and Reliance Communications (Rs 160) up nearly 3% are the top gainers on the Sensex.Tata Steel (Rs 534), ICICI Bank (Rs 995) and DLF (Rs 306) adding nearly 2% are the other significant gainers.

Hero Honda (Rs 1767) down 1% is the top loser on the Sensex followed by ITC (Rs 162), Reliance Infrastructure (Rs 999)and Wipro (Rs 399) round up the losers list.

The market breadth is very positive. Of the total 2767 stocks traded on the BSE, 2088 have advanced while 614 have declined.

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